I attended a number every month totaling 50 plus of them over 2 years.

If you need to modify the agreement, you need to keep track of the notices/addendums and then over time interpreting the lease becomes messy because the agreement is actually the sum total of ALL of those documents over time.

Am I totally priced out?

@Dani Beit-Or,Yes, since you're taking some profit (the primary exclusion) out that would reduce your reinvestment requirements by that much.the 1031 exchange will defer all of the remaining gain and the depreciation recapture.In your situation, you will have a total profit of around $1.5. 

We put a bit of work into it, but total cost to update it was less than $5,000. 

I think the STR arbitrage model is total garbage.

(Which should be based on your equity and your total net worth.)

Purchase price: $285,000 Cash invested: $135,000 Side by side 2-family properties (4 units in total), which needed either updating or a full build out.

Totally agreed @Taylor Dasch.

Total scam.